mistakes made either intentionally or unintentionally by the accounts payable clerk also contributed to the problems. Another issue was the decision and pressure from her superiors and the upper management of the client. All of these issues have an effect on the stakeholders involved; the first stakeholder to consider is the bank holding the operating loan. They requested the audit to ensure their investment was still a sound one. The next stakeholders to be considered are the suppliers‚ they use the
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Technologies Impact on Accounting Many advances in the accounting profession have been brought into the business world‚ starting when the Accounting Information Systems “AIS” was introduced. In today’s accounting profession it is difficult to imagine accountants balancing debits and credit on general ledgers‚ and posting transactions by hand. Everything can now be done with a computer‚ instead of by hand. The new technology of accounting is important‚ because it gives managers the opportunity
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A Library Research on INFORMATION TECHNOLOGY AND ITS SIGNIFICANCE IN THE ACCOUNTING PROFESSION IN TODAY’S MODERN SOCIETY Presented to Elizabeth D. Kapulong‚ MA.Ed UST-AMV College of Accountancy As a partial requirement to complete the course‚ English 3 Prepared by The Tributes Members: Sahagun‚ Abbie Rose R. Pelaez‚ Angelica Marie‚ Cantoria‚ Gabrielle Alcid‚ Ariane Santiago Steffany August 22‚ 2012 ABSTRACT Table of Contents I. THE PROBLEM AND ITS BACKGROUND 4 A
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Background The accounting profession seems to be ever changing and is currently facing many challenges. It is a well-known truth that the world we live in is changing at a great speed. The accounting profession does not make an exception and it can be said that it is constantly changing‚ reorganizing and standing in front of many challenges of the modern world. Nowadays‚ accounting standards are undergoing the most significant reorganization in nearly a century with the Financial Accounting Standards
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By 2010‚ foreign companies will be able to file on U.S. Stock Exchanges using IFRS standards. With that in mind‚ what are some of the challenges facing the accounting profession‚ and how do you see them affecting you in the future? Provide specific details to support your opinion in your response. Answer: The accounting field has standards in place that are used to report financial information of companies so that one can get a clear understanding of the company’s financial standing
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CheckPoint Ethics in the Accounting Profession Dawn Carrera ACC/260 March 15‚ 2013 Peggy January Checkpoint Ethics in the Accounting Profession 13. Is a professional accountant a businessperson pursuing profit or a fiduciary that is to act in the public interest? This is a hard one to answer. Many accountants start off looking to make a living. The question is where do they want to go and what they see themselves doing. An accountant main goal is to a fiduciary that is to act in the
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Dawn Howarth ACC122 Managerial Accounting Career Paper Baker College What is Managerial Accounting Managerial accounting is the process of identifying‚ recording‚ analyzing and finally presenting the financial data which is used by the management and business owners for the purposes of command and for decision making. The difference between financial accounting and management accounting Financial accounting is reported publicly while management accounting is used by the company or organization
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Accounting research paper—technology impactions With development of economics‚ people have been thinking about how they could increase the efficiency of working. Technology is one of the ways people figured out. It is the branch of knowledge that deals with the creation and use of technical means and their interrelation with life‚ society‚ and the environment‚ drawing upon such subjects as industrial arts‚ engineering‚ applied science‚ and pure science. Before the development of modern technology
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How IS Has Affected the Accounting Profession Sarah Ralston Empire State College Author Note This Paper was prepared for Management Information Systems SMT 273754 taught by Professor Catherine White. Abstract This research paper will show the impact of information technology and information systems on the accounting profession. It will focus on internal and external auditing practices as well
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Information Technology roles in Accounting Tasks – A Multiple-case Study Maria do Céu Gaspar Alves accounting‚ the relationship between IT and accounting has been studied relatively little” (Granlund‚ 2007:3). Based on a literature review of earlier research and empirical studies we conclude that there is a very limited knowledge about the impact of the most recent IT developments in the accounting field (Granlund‚ 2007). Although IT clearly plays an important role in accounting (Efendi et al
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